California Community

Villas Serena, Los Angeles

Villas Serena is an 85-unit family affordable apartment with 2-4-bedroom units designed for families. Construction is Type V with four levels of residential over a Type I podium with secure parking for residents.

Built on a 1.5-acre infill site in unincorporated eastern Los Angeles, Villas Serena replaces dilapidated housing. The site is near urban amenities and services, including the popular Obregon Park, Queenscare Clinic, and two new Gold Line stations, and it contributes to the continuing revitalization of a historic community of Los Angeles.

Villas Serena was funded by a $,,000 allocation of 4% Low-Income Housing Tax Credits in 2006 and the Los Angeles County Community Development Commission.

Amenities include a community recreation room, energy-efficient appliances and
design, and a green interior courtyard with a children’s play area. Occupancy began in 2009.

100% affordable:
30 units – 30% AMI
53 units – 60% AMI
2 units – Manager

Photos

Year Built

2009

Type

Family

No. Units

85

Total Cost

$31,439,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

FSY Architects

Financing

Equity

$11,928,000
SunAmerica Affordable Housing Partners
$2,343,000
AMCAL Enterprises

Construction

$4,692,000
U.S. Bank

Permanent

Agency

$6,021,000
Los Angeles County Community Development Commission
$6,021,000
Multi-Housing Program (State of California)
$416,000
Affordable Housing Program

Non-Profit

W.O.R.K.S.